Deferred Income Tax and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Of Deferred Income And Other Liabilities [Abstract]

Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates and Average Effective Tax Rate

These differences result from the following items:

In $000s	Year Ended December 31, 2024			Year Ended December 31, 2023
Income before income taxes	$	29,534		$	46,912
Canadian federal and provincial income tax rates	27		%	27		%
Income tax expense based on the above rates	$	7,974		$	12,666
Increase (decrease) due to:
Non-deductible expenses and permanent differences	$	4,286		$	5,149
Non-taxable portion of capital gain or loss	767			(1,827)
Withholding taxes	4,006			2,821
Change in unrecognized temporary differences and other	(3,003)			(14,606)
Income tax expense	$	14,030		$	4,203

Deferred Tax Liabilities

The deferred tax liabilities are shown below:

In $000s	At December 31, 2024		At December 31, 2023
Non-capital losses	$	40,997	$	50,160
Investments and other	878		957
Stream, royalty and other interests	(56,722)		(60,122)
Total deferred income tax liabilities	$	(14,847)	$	(9,005)

Net Deferred Income Taxes

The movement in net deferred income taxes is shown below:

In $000s	Year Ended December 31, 2024		Year Ended December 31, 2023
Balance, beginning of the year	$	(9,005)	$	(14,784)
Recognized in net income (loss) for the year	(5,540)		4,503
Recognized in equity	(17)		185
Recognized in other comprehensive income (loss) for the year	(285)		1,091
Balance, end of year	$	(14,847)	$	(9,005)